I was honoured to represent Lucky Lion in an AMA session
with CryptoFamily on 21/10/202 at 13.00 UTC
Where I have discussed our existing and future projects, their security concerns, and cryptocurrency. I am sharing the summary of this session to keep you updated with all the latest happenings.
Please find the recap of the session below:
I’d like to share with you the recap of the session, so that you can stay up to date with all of our latest developments and progress.
Q1. First, please briefly introduce your team and some key features of Lucky Lion. What are its competitive advantages compared to other GameFi platforms?
Our team has more than 20 experts having vast experience in the field of FinTech. Our team also proved effective in handling and sustaining the iGaming business with over 200,000 active users since 2016. Our team also has members who are experts in blockchain and our senior blockchain developer has been handling this domain for six years.
Our main competitive advantage is our understanding of the standards and behavior of iGaming users that we acquired through collecting the iGaming user data over five years. To maintain our position, we are continuously focused on promotional strategies and various campaigns that help to attract new users while engaging the existing ones. Time investment is needed to maintain the choice flexibility of our users such as invest, play-to-win/earn or both.
Q2. Next, please share with us the roadmap of Lucky Lion in the coming time.
On 16th of October, Lucky Lion has started its iGaming series and number of other series has been kicked off this morning.
Our next target is to launch liquidity pool (LUCKY-BUSD) which is revenue based platform. It will be successfully implemented in November, 2021 with main aim to provide an opportunity to investors and gamers through which they can stake and earn a share of Lucky Lion’s revenue each week.
Expansion of gaming collectable NFTs is our main expedition as it allows the users to make money by playing games and other means that can be procured on market places. We are planning to expand this for other uses such as extra credits, and then push it through our future partners.
Some other staggering updates are:
- Being listed on major exchanges
- Availability of Leaderboards with various benefits
- Referrals and Affiliate programs
- Focused on initially generated gaming titles
- Crucial partnerships that will take this platform on advanced level.
You can check our full roadmap in our whitepaper: https://docs.luckylion.io/roadmap
Q3. Could you please update to the community some latest news or big events of Lucky Lion?
Since the first day of our launch, we have achieved a lot. All the details are mentioned in this link: https://docs.luckylion.io/history
To summaries for the major events for us:
- Being listed on CoinMarketCap and CoinGecko.
- Conducted our bug bounty with Immunefi
- Completed our audits with Certik, PeckShield, TechRate and Inspex
- Partnership with Alpaca Finance, LatteSwap and Project Galaxy NFT.
And we will have more partnerships with big names in the market coming along very soon. It may be as soon as tomorrow.
SECTION 2 -Pre-collected questions from Twitter
Q.1 Could you please elaborate on how users can monetize through the platform? What are the in-game features allowing users to generate profits? What is the current target market of Lucky Lion, as well as its target customer on the development road towards mass adoption?
We have two yield farming liquidity pools, named LUCKY and LUCKY-BUSD in which investors and gamers can stake their BUSD or LUCKY via our protocols to earn extra LUCKY. These extra tokens are used in playing our vast variety of games or stake in the revenue sharing pool through which users can earn 9% of revenue on weekly basis.
There are various games in our iGaming domain such as a first-person-shooter that allows the players to win various tokens and jackpots which worth hundreds of thousands of dollars.
Philippines, Vietnam, Thailand, China and Turkey are our targeted market places.
Q.2 Today there is a lot of competition between blockchain, offering any amount of offers and profits in their games. What are Lucky Lion’s plans to face this tight competition? What are the marketing activities that will allow them to promote this platform and gain massive users?
Before launching Lucky Lion, we have carefully worked on our marketing strategies. Such planned and strategized methods helped us to make a partnership with Alpaca Finance (Top Defi on BSC) and LatteSwap within one month of our inauguration.
We have done many AMA, CryptoFi, Crypto Family and more coming. We are discussing with a couple of GameFi and NFTs projects currently, if there is partnership happens we will announce in our channel.
Some of our recently launched distinctive features help us to gain a tremendous range of users. These features are as:
- Revenue sharing pool which has
where up to 9% of Lucky Lion’s iGaming revenue is shared in the LUCKY-BUSD LP for investors to stake in.
- Referral & Affiliate program which will allow the existing users to bring in new users to play our games and earn recurring compensation.
Q.3 What do you think if you think that security will determine the success of the project? Recently, there is too much information about the property being appropriated by Hacker. What partners does Lucky Lion have to enhance security? What is their experience in this field?
Undoubtedly security is the main factor that determines success and taking this into consideration, Lucky Lion takes every measure to ensure security.
Our outsourced penetration test team has a global scale experience in blockchain auditing and security domain and is designated to carry out penetration tests before main releases.
We used an American-based security web infrastructure named Cloudflare for improving the security and ensuring the authenticity of our external resources including APIs, applications, and websites, and internal resources including behind-the-firewall applications, teams, and devices. It also proved helpful in generating applications that can upgradeable across the globe.